Housing costs in Shannon City?
A typical home costs
$128,000, which is 62.1% less expensive than the national average of
$338,100 and 34.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Shannon City costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 17.7% cheaper than the state average of
$930.
Can I afford Shannon City?
To live comfortably in Shannon City (zip 50861), Iowa, a minimum annual income of
$24,480 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Shannon City?
The cost of living in 50861 Shannon City, IA is generally considered to be low. The average home price in the area is around $70,000 which is much lower than the national average. In addition, grocery and utility costs are also slightly below average. The overall cost of living in Shannon City is estimated to be roughly 10% lower than most other places across the United States. This helps make Shannon City an attractive option for those looking for affordable housing and a good quality of life at an affordable price point.